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requirement for such Reserve Account Credit Instrument shall be appropriately reduced. Furthermore, the County may at any time and from time to time cause to be deposited in the Reserve Account such Reserve Account Credit Instrument and cause an appropriate amount to be withdrawn from the Reserve Account and released to the County. Moneys in the Reserve Account shall be used only for the purpose of the payment of maturing principal of or interest on Bonds when the other moneys in the Sinking Fund are insufficient therefor, and for no other purpose. However, upon the valuation of the Reserve Account in each year, if the moneys applied and allocated to the Reserve Account (except the investment income thereon) exceed the amount required, such excess may be withdrawn and released to the County. If the Reserve Account requirement shall at any time be satisfied in whole or in part with a qualifying letter of credit and such letter of credit is about to expire or terminate, the County authorizes and directs the Paying Agent to draw upon such letter of credit prior to its expiration or termination to the extent required to fully fund the Reserve Account requirement unless a replacement Reserve Account Credit Instrument is in place or the Reserve Account is otherwise fully funded in its required amount. (5) Fifth, moneys in the Revenue Fund shall be applied to the payment of current debt service and reserve requirements of any obligations of the County issued to finance the cost of additions, acquisition, extensions and improvements to the System which are junior and subordinate to the lien of the Series 1989 Bonds on the Pledged Funds. (6) Sixth, the balance of any moneys remaining in the Revenue Fund after the above required payments have been made may be (a) deposited into a special fund to be known as the "Sewer and Water Renewal and Replacement Fund," which shall be used only for the purpose of paying the costs of extensions, enlargements, or additions to or the replacement of capital assets of the System, and for emergency repairs thereto or (b) used by the County for any lawful purpose. No further deposits to the Sinking Fund, the Bond Amortization Account or the Reserve Account shall be required when the aggregate sums deposited therein are and remain at least equal to the sum of all of the principal and interest then due and thereafter becoming due in all ensuing years for the Series 1989 Bonds then outstanding. Flow of Funds under Senior Lien Bond Resolution While any Senior Lien Bonds are outstanding, the gross revenues and receipts of the System pledged for payment of the Senior Lien Bonds, which include the Revenues pledged in connection with the Series 1989 Bonds, will be utilized by the County in the following 11